Can I retire at age 54 with 829,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$68,458$67,848$67,253$66,673$66,106$65,037
2 years$33,890$33,259$32,647$32,054$31,479$30,405
3 years$22,369$21,735$21,125$20,537$19,971$18,926
4 years$16,610$15,978$15,374$14,796$14,244$13,235
5 years$13,155$12,527$11,930$11,365$10,828$9,859
6 years$10,852$10,229$9,642$9,089$8,568$7,639
7 years$9,208$8,590$8,012$7,472$6,968$6,080
8 years$7,976$7,363$6,795$6,268$5,781$4,933
9 years$7,018$6,411$5,853$5,339$4,868$4,061
10 years$6,252$5,651$5,102$4,602$4,148$3,380
11 years$5,626$5,031$4,492$4,005$3,567$2,838
12 years$5,104$4,515$3,987$3,513$3,091$2,400
13 years$4,663$4,081$3,562$3,102$2,696$2,041
14 years$4,286$3,709$3,200$2,753$2,363$1,744
15 years$3,959$3,388$2,889$2,456$2,081$1,496
16 years$3,673$3,109$2,620$2,199$1,839$1,287
17 years$3,421$2,863$2,384$1,975$1,630$1,111
18 years$3,197$2,646$2,176$1,780$1,450$961
19 years$2,997$2,452$1,992$1,609$1,292$833
20 years$2,818$2,278$1,828$1,457$1,154$723
21 years$2,655$2,122$1,682$1,322$1,033$629
22 years$2,508$1,981$1,550$1,202$926$547
23 years$2,373$1,853$1,431$1,095$831$477
24 years$2,250$1,736$1,323$999$747$416
25 years$2,137$1,629$1,226$912$672$363
26 years$2,033$1,531$1,137$834$605$317
27 years$1,937$1,441$1,056$763$546$277
28 years$1,848$1,358$981$699$493$243
29 years$1,765$1,281$913$641$445$212
30 years$1,687$1,210$851$589$402$186
31 years$1,615$1,144$793$541$363$163
32 years$1,548$1,082$740$497$329$143
33 years$1,485$1,025$691$457$297$125
34 years$1,425$971$646$420$269$110
35 years$1,369$921$604$387$244$96
36 years$1,317$874$565$356$221$84
37 years$1,267$830$528$328$200$74
38 years$1,220$789$495$303$182$65
39 years$1,176$750$464$279$165$57
40 years$1,133$714$435$257$149$50
41 years$1,093$680$407$237$136$44
42 years$1,055$647$382$219$123$38
43 years$1,019$617$359$202$112$34
44 years$985$588$337$187$101$30
45 years$952$561$316$173$92$26
46 years$921$535$297$159$83$23
47 years$891$510$279$147$76$20
48 years$863$487$262$136$69$18
49 years$835$465$246$126$63$15
50 years$809$444$232$116$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $829,000, adding $5,110 every year, while hoping to spend $37,159 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 45/28/27 Blend
53$829,000$829,000$829,000$829,000
54$918,829$874,892$862,042$952,807
55$973,013$878,225$851,384$980,758
56$1,031,478$880,475$839,123$1,007,076
57$1,094,621$881,552$825,167$1,034,899
58$1,162,881$881,356$809,418$1,064,388
59$1,236,736$879,783$791,774$1,095,721
60$1,316,714$876,724$772,130$1,129,099
61$1,403,396$872,060$750,373$1,164,743
62$1,497,419$865,668$726,387$1,202,902
63$1,599,485$857,415$700,051$1,243,849
64$1,710,365$847,162$671,236$1,287,892
65$1,830,910$834,759$639,809$1,335,371
66$1,962,051$820,051$605,631$1,386,663
67$2,104,817$802,871$568,557$1,442,190
68$2,260,338$783,041$528,433$1,502,416
69$2,429,859$760,376$485,102$1,567,861
70$2,614,748$734,678$438,396$1,639,098
71$2,816,512$705,738$388,143$1,716,766
72$3,036,811$673,333$334,160$1,801,571
73$3,277,471$637,231$276,259$1,894,298
74$3,540,501$597,184$214,242$1,995,816
75$3,828,115$552,929$147,902$2,107,088
76$4,142,750$504,190$77,024$2,229,181
77$4,487,089$450,674$1,383$2,363,276
78$4,864,087$392,071$0$2,510,684
79$5,276,997$328,056$0$2,695,710
80$5,729,402$258,282$0$2,899,012
81$6,225,248$182,385$0$3,122,041
82$6,768,881$99,980$0$3,366,837
83$7,365,087$10,659$0$3,635,656
84$8,019,139$0$0$3,930,983
85$8,736,842$0$0$4,282,064
86$9,524,593$0$0$4,671,118
87$10,389,437$0$0$5,098,353
88$11,339,136$0$0$5,567,615
89$12,382,238$0$0$6,083,142
90$13,528,162$0$0$6,649,603
91$14,787,282$0$0$7,272,142
92$16,171,029$0$0$7,956,425
93$17,691,995$0$0$8,708,694
94$19,364,052$0$0$9,535,827
95$21,202,484$0$0$10,445,401
96$23,224,131$0$0$11,445,765
97$25,447,543$0$0$12,546,116
98$27,893,162$0$0$13,756,589
99$30,583,508$0$0$15,088,349
100$33,543,395$0$0$16,553,699